Royal Dutch Shell (RDSA) Price Target Raised to GBX 3,040

Royal Dutch Shell (LON:RDSA) had its price objective raised by Morgan Stanley from GBX 2,930 ($39.73) to GBX 3,040 ($41.23) in a research report released on Monday, January 8th. The firm currently has a top pick rating on the stock.

Several other research firms have also weighed in on RDSA. Barclays reiterated an overweight rating and issued a GBX 3,000 ($40.68) target price on shares of Royal Dutch Shell in a report on Wednesday, January 3rd. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 2,650 ($35.94) target price on shares of Royal Dutch Shell in a report on Thursday, November 9th. Credit Suisse Group reissued an outperform rating and set a GBX 2,635 ($35.73) price objective on shares of Royal Dutch Shell in a research report on Thursday, November 9th. Deutsche Bank increased their price objective on shares of Royal Dutch Shell from GBX 2,450 ($33.22) to GBX 2,675 ($36.28) and gave the stock a buy rating in a research report on Sunday, November 5th. Finally, increased their price objective on shares of Royal Dutch Shell from GBX 2,500 ($33.90) to GBX 2,600 ($35.26) and gave the stock a buy rating in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Royal Dutch Shell presently has a consensus rating of Buy and an average target price of GBX 2,610 ($35.39).

Shares of Royal Dutch Shell (LON RDSA) opened at GBX 2,532 ($34.34) on Monday. The firm has a market cap of $203,390.00 and a price-to-earnings ratio of 1,266.00. Royal Dutch Shell has a twelve month low of GBX 1,982.50 ($26.89) and a twelve month high of GBX 2,579.50 ($34.98).

The company also recently disclosed a dividend, which was paid on Wednesday, December 20th. Stockholders of record on Thursday, November 16th were given a $0.47 dividend. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, November 16th.

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Analyst Recommendations for Royal Dutch Shell (LON:RDSA)

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